0NWV: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) - Schneider Electric SA

  0NWV: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) - Schneider Electric SA

UK Regulatory Announcement

LONDON

                            FORM 8.5 (EPT/NON-RI)

         PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

  EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR
                      WHERE RI STATUS IS NOT APPLICABLE)

                  Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a)  Name of exempt principal trader:           BARCLAYS CAPITAL SECURITIES
                                                  LTD
(b)   Name of offeror/offeree in relation to      SCHNEIDER ELECTRIC SA
      whose
     relevant securities this form relates:      
(c)   Name of the party to the offer with which   Advisor to Offeree
      exempt
     principal trader is connected               
(d)   Date position held/dealing undertaken:      16 January 2014
(e)   Has the EPT previously disclosed, or is     YES:
      it
      today disclosing, under the Code in         INVENSYS PLC
      respect
     of any other party to this offer?           

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a) Interests and short positions in the relevant securities of the offeror or
offeree to which the disclosure relates following the dealing (if any)

Class of
relevant                            ORD                         
security:
                                       Interests          Short        
                                                           Positions
                                     Number      (%)     Number       (%)
(1)               Relevant
                  securities owned
                  and/or controlled:   1,758,505   0.31%   1,821,289    0.32%
                                                                   
(2)               Derivatives (other
                  than
                  options):            1,829,981   0.33%   315,315      0.06%
                                                                   
(3)               Options and
                  agreements to
                  purchase/sell:       682,000     0.12%   869,000      0.15%
                                                                   
(4)               TOTAL:
                                       4,270,486   0.76%   3,005,604    0.54%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase
or sell relevant securities, should be given on a Supplemental Form 8 (Open
Positions).

(b) Rights to subscribe for new securities (including directors’ and other
executive options)

Class of relevant security in relation to which subscription right exists:  
Details, including nature of the rights concerned and relevant percentages: 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(b), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant    Purchase/sale  Number of   Price per unit
security                             securities   
ORD                   Purchase        14           64.9014 EUR
ORD                   Purchase        18           64.7520 EUR
ORD (traded as ADR)   Purchase        20           17.6800 USD
ORD                   Purchase        24           64.9350 EUR
ORD                   Purchase        25           64.1640 EUR
ORD                   Purchase        25           64.2050 EUR
ORD                   Purchase        25           64.2750 EUR
ORD                   Purchase        42           64.1150 EUR
ORD                   Purchase        42           64.2910 EUR
ORD                   Purchase        42           64.2950 EUR
ORD                   Purchase        42           64.4000 EUR
ORD (traded as ADR)   Purchase        43           17.6700 USD
ORD                   Purchase        49           64.9910 EUR
ORD                   Purchase        57           64.8450 EUR
ORD                   Purchase        64           64.7560 EUR
ORD                   Purchase        69           64.2700 EUR
ORD                   Purchase        70           64.8200 EUR
ORD                   Purchase        72           64.9950 EUR
ORD                   Purchase        77           64.9400 EUR
ORD                   Purchase        80           64.7900 EUR
ORD                   Purchase        94           64.0900 EUR
ORD                   Purchase        94           64.6900 EUR
ORD                   Purchase        94           64.8550 EUR
ORD                   Purchase        95           64.7100 EUR
ORD                   Purchase        107          64.1600 EUR
ORD                   Purchase        118          64.8800 EUR
ORD                   Purchase        129          64.3100 EUR
ORD                   Purchase        134          64.8400 EUR
ORD                   Purchase        135          65.0300 EUR
ORD                   Purchase        154          64.8500 EUR
ORD                   Purchase        164          64.9600 EUR
ORD                   Purchase        196          64.8100 EUR
ORD                   Purchase        199          64.4800 EUR
ORD                   Purchase        205          64.8600 EUR
ORD                   Purchase        205          64.9582 EUR
ORD                   Purchase        220          65.0200 EUR
ORD                   Purchase        234          64.8900 EUR
ORD                   Purchase        259          64.9550 EUR
ORD                   Purchase        268          64.9000 EUR
ORD                   Purchase        296          65.0600 EUR
ORD                   Purchase        296          65.0700 EUR
ORD                   Purchase        300          65.1000 EUR
ORD                   Purchase        362          64.9500 EUR
ORD                   Purchase        367          64.9100 EUR
ORD                   Purchase        401          64.8554 EUR
ORD                   Purchase        543          65.0100 EUR
ORD                   Purchase        600          64.2635 EUR
ORD                   Purchase        691          64.6562 EUR
ORD                   Purchase        915          64.9900 EUR
ORD (traded as ADR)   Purchase        1,176        17.6332 USD
ORD                   Purchase        1,196        64.9700 EUR
ORD                   Purchase        1,600        64.9875 EUR
ORD                   Purchase        1,899        64.8764 EUR
ORD                   Purchase        1,941        64.8944 EUR
ORD                   Purchase        2,383        64.8397 EUR
ORD                   Purchase        2,475        65.0000 EUR
ORD                   Purchase        3,598        64.9030 EUR
ORD                   Purchase        6,659        64.3131 EUR
ORD                   Purchase        8,263        64.8617 EUR
ORD                   Purchase        15,959       64.5413 EUR
ORD                   Purchase        21,723       64.8629 EUR
ORD                   Purchase        37,572       64.9058 EUR
ORD                   Sale            18           64.7520 EUR
ORD (traded as ADR)   Sale            20           17.6800 USD
ORD                   Sale            24           64.9350 EUR
ORD                   Sale            25           64.1640 EUR
ORD                   Sale            25           64.2050 EUR
ORD                   Sale            25           64.2750 EUR
ORD                   Sale            42           64.2910 EUR
ORD                   Sale            42           64.2950 EUR
ORD                   Sale            42           64.4000 EUR
ORD (traded as ADR)   Sale            43           17.6700 USD
ORD                   Sale            49           64.9910 EUR
ORD                   Sale            57           64.8450 EUR
ORD                   Sale            64           64.7560 EUR
ORD                   Sale            65           64.0500 EUR
ORD                   Sale            69           64.2700 EUR
ORD                   Sale            70           64.8200 EUR
ORD                   Sale            72           64.9950 EUR
ORD                   Sale            94           64.0900 EUR
ORD                   Sale            94           64.6900 EUR
ORD                   Sale            94           64.8550 EUR
ORD                   Sale            97           64.1150 EUR
ORD                   Sale            97           64.8630 EUR
ORD                   Sale            105          65.0800 EUR
ORD                   Sale            107          64.1600 EUR
ORD                   Sale            118          64.8800 EUR
ORD                   Sale            129          64.3100 EUR
ORD                   Sale            134          64.8400 EUR
ORD                   Sale            135          65.0300 EUR
ORD                   Sale            136          65.0200 EUR
ORD                   Sale            154          64.8500 EUR
ORD                   Sale            160          64.7900 EUR
ORD                   Sale            196          64.8100 EUR
ORD                   Sale            199          64.4800 EUR
ORD                   Sale            205          64.8600 EUR
ORD                   Sale            234          64.8900 EUR
ORD                   Sale            259          64.9550 EUR
ORD                   Sale            296          65.0600 EUR
ORD                   Sale            296          65.0700 EUR
ORD                   Sale            300          65.1000 EUR
ORD                   Sale            306          65.0100 EUR
ORD                   Sale            368          64.9600 EUR
ORD                   Sale            409          64.9369 EUR
ORD                   Sale            432          64.9100 EUR
ORD                   Sale            466          64.9500 EUR
ORD                   Sale            510          64.9200 EUR
ORD                   Sale            578          64.9000 EUR
ORD                   Sale            789          64.6565 EUR
ORD                   Sale            938          64.8437 EUR
ORD                   Sale            1,025        64.9900 EUR
ORD                   Sale            1,028        64.8494 EUR
ORD (traded as ADR)   Sale            1,176        17.6332 USD
ORD                   Sale            1,184        64.9400 EUR
ORD                   Sale            1,823        64.7342 EUR
ORD                   Sale            2,083        64.9700 EUR
ORD                   Sale            2,162        64.3948 EUR
ORD                   Sale            2,509        64.8603 EUR
ORD                   Sale            2,836        64.9351 EUR
ORD                   Sale            2,882        64.9226 EUR
ORD                   Sale            3,070        64.7847 EUR
ORD                   Sale            3,220        64.9875 EUR
ORD                   Sale            4,000        64.9518 EUR
ORD                   Sale            5,880        17.6332 USD
ORD                   Sale            6,894        64.7113 EUR
ORD                   Sale            6,984        64.9800 EUR
ORD                   Sale            13,149       65.0000 EUR
ORD                   Sale            17,187       64.8377 EUR
ORD                   Sale            22,015       64.7100 EUR
ORD                   Sale            27,001       64.7224 EUR
ORD                   Sale            28,670       64.9487 EUR

(b) Derivatives transactions (other than options)

Class of  Product      Nature of dealing  Number of   Price per
relevant   description                       reference    unit
security                                   securities   
ORD        CFD           Long                442          64.6930 EUR
ORD        CFD           Long                520          65.0740 EUR
ORD        SWAP          Long                2,509        64.8604 EUR
ORD        SWAP          Long                4,300        65.0000 EUR
ORD        CFD           Long                4,464        64.6309 EUR
ORD        SWAP          Long                7,550        64.9520 EUR
ORD        CFD           Long                16,289       64.8836 EUR
ORD        SWAP          Short               245          64.8584 EUR
ORD        CFD           Short               863          64.0554 EUR
ORD        SWAP          Short               5,300        65.0000 EUR
ORD        CFD           Short               19,109       64.6461 EUR

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

                         Writing,      Number of               Type                 Option
Class of   Product       purchasing,   securities   Exercise                        money
relevant  description  selling,     to which    price     e.g.       Expiry  paid/
security   e.g. call     varying       option       per unit   American,   date     received
           option        etc.          relates                 European             per unit
                                                               etc.

(ii) Exercising

                     Product
Class of relevant   description         Number of          Exercise price
security                                  securities          per unit
                     e.g. call option

(d) Other dealings (including subscribing for new securities)

                    Nature of dealing
Class of relevant                      Details  Price per unit (if
security            e.g. subscription,             applicable)
                    conversion

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or
understanding, formal or informal, relating to relevant securities which may
be an inducement to deal or refrain from dealing entered into by the exempt
principal trader making the disclosure and any party to the offer or any
person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state “none”
NONE

(b) Agreements, arrangements or understandings relating to options or
derivatives

Details of any agreement, arrangement or understanding, formal or informal,
between the exempt principal trader making the disclosure and any other person
relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant
securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state “none”
NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?  YES

Date of disclosure:  17 Jan 2014
Contact name:         Rajesh Muthanna
Telephone number:     020 3555 4634

Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service and must also be emailed to the Takeover Panel at
monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is
available for consultation in relation to the Code’s dealing disclosure
requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

                     SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

  DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR
                                  SELL ETC.

            Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Identity of the person whose                    BARCLAYS CAPITAL SECURITIES
positions/dealings                               LTD
are being disclosed:                             
Name of offeror/offeree in relation to whose     SCHNEIDER ELECTRIC SA
relevant securities this from relates:           

2. OPTIONS AND DERIVATIVES

Class     Product      Writing,     Number      Exercise  Type      Expiry
of         description   purchasing,   of           price                 date
relevant                 selling,      securities   per unit
security                 varying etc   to which
                                       option
                                    relates                          
ORD        Put Options   Written       -300,000     57.7500    European   18 Dec
                                                                          2015
ORD        Call          Written       -250,000     57.7500    European   18 Dec
           Options                                                        2015
ORD        Put Options   Purchased     150,000      38.0000    American   20 Jun
                                                                          2014
ORD        Put Options   Purchased     100,000      48.0000    American   19 Dec
                                                                          2014
ORD        Put Options   Written       -100,000     50.0000    American   19 Dec
                                                                          2014
ORD        Put Options   Written       -50,000      52.0000    American   19 Dec
                                                                          2014
ORD        Call          Purchased     63,700       60.0000    American   21 Feb
           Options                                                        2014
ORD        Call          Purchased     75,000       60.0000    American   19 Dec
           Options                                                        2014
ORD        Call          Purchased     50,000       64.0000    American   19 Dec
           Options                                                        2014
ORD        Call          Purchased     43,300       68.0000    American   17 Jan
           Options                                                        2014
ORD        Call          Purchased     100,000      68.0000    American   20 Jun
           Options                                                        2014
ORD        Call          Purchased     100,000      80.0000    American   19 Dec
           Options                                                        2014
ORD        Call          Written       -119,000     60.0000    American   21 Feb
           Options                                                        2014
ORD        Call          Written       -50,000      64.0000    American   19 Dec
           Options                                                        2014

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position
can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions)
with regard to contracts for differences (“CFDs”) or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation
to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Contact:

BARCLAYS PLC
 
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